3cd?

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  1. Yashaswini D S

    Yashaswini D S New Member

    The case is the party have provided a nil excise returns and the reason they says that it was used to file manually before and now they can't produce those details further but the balance is being brought forward every year say about 3yrs something approx and now they don't even have the proper proofs and all stuffs right now.
    Now the issue is how to deal this case while preparing 3cd form.
     
  2. sai tejesh(ca.final)

    sai tejesh(ca.final) Active Member

    No where in form 3CD asks whether excise returns were filed properly or not.
    Check whether balance o/s as on the balance sheet date was duly paid.
    if not,then offer the entire liability as income and claim deduction in the previous year in which it has been actually paid u/s 43B.

    The same has to be reported in relevant clause of form 3cd.
     
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